Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies Policy and Privacy Policy.

JP Morgan offers global mining fund

JP Morgan Asset Management is introducing a global mining fund on February 1, just weeks after it soft-closed its Luxemburg-domiciled £2.7bn JPM global natural resources fund.

Managed by Neil Gregson, the JPM global mining fund will tap the expertise of the natural res-ources team and invest primar-ily in companies engaged in mining or miningrelated activities.

Gregson will focus on companies he expects to achieve growth of reserves and production while at the same time identifying undervalued mining assets. He joined JP Morgan last year after 20 years in the natural resources sector.

In December, the firm soft-closed its global natural resources fund amid concerns from the JPM global natural resources portfolio management team that if assets continued to grow, it could affect the management of the fund and result in a hard closure.

Hargreaves Lansdown senior analyst Meera Patel says: “There are already a few funds in the market that do this. I would not jump on the bandwagon to try to buy it. BlackRock does something similar anyway.”

Recommended

The words level playing field have never felt more patronising than now. The Keydata levy, compared with minimal fines being levied on banks, leaves me cold. Recently, as one of my friends entered his bank to make a deposit, he was accosted and asked if the bank could provide an investment proposal. He asked them […]

HML has appointed Kati Tyler as director of business development. Tyler will be responsible for the financial outsourcer’s sales and business intelligence activities. She has more than 20 years experience in financial services and joins from Chartis Insurance UK, where she was head of business development. HML chief commercial and finance officer Neil Warman (pictured) […]

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]

There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!

Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]

18th December 201812:39 pm

Comments

Leave a comment

Why register with Money Marketing ?

Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.